BOKF

BOK Financial is a high-quality, conservatively run commercial bank anchored in Oklahoma and the broader Southwest. FY2025 net income grew 10.4% to $578M and diluted EPS rose 12.7% to $9.17 — the faster EPS growth reflecting an aggressive buyback that cut shares 5.5%. At 14.2x EPS, the valuation is reasonable for a profitable, growing bank with a strong franchise and diversified fee businesses (brokerage, trust, mortgage).

Capital deployment is shareholder-friendly and accelerating. The company spent $413M on buybacks in FY2025 (up 359.9% YoY) on top of $148M in dividends, while still growing equity 6.7% to $5.92B and retained earnings 7.7%. Total assets grew 5.1% to $52.2B and cash rose 15.6% to $1.66B, indicating measured balance-sheet expansion with ample liquidity. The 9.8% ROE is solid, and net income has been steady-to-growing across the rate cycle ($520-618M range over five years).